SEC Info - Third Point LLC, et al. - ‘SC 13D/A’ on 2/29/08 re: Cypress Semiconductor Corp/DE

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Third Point LLC, et al. – ‘SC 13D/A’ on 2/29/08 re: Cypress Semiconductor Corp/DE

On: Friday, 2/29/08, at 5:26pm ET · Accession #: 899140-8-736 · File #: 5-38059

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/29/08  Third Point LLC                   SC 13D/A               1:16K  Cypress Semiconductor Corp/DE     Willkie Fa… Gallagher/FA
          Daniel S. Loeb

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    First Amendment                                        7     28K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Interest in Securities of the Issuer Schedule 13D Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
"	Schedule 13D
4	Item 3. Source and Amount of Funds or Other Consideration
"	Item 5. Interest in Securities of the Issuer

SC 13D/A 1st Page of 7 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
 (Amendment No. 1)

Under the Securities Exchange Act of 1934*

 Cypress Semiconductor Corporation
--------------------------------------------------------------------------------
(Name of Issuer)

 Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)

 232806109
--------------------------------------------------------------------------------
 (CUSIP Number of Class of Securities)

Daniel S. Loeb
 Third Point LLC
 390 Park Avenue
New York, NY 10022
(212) 224-7400
--------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

Copies to:
 Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
 New York, NY 10019-6099
(212) 728-8000

 February 26, 2008
--------------------------------------------------------------------------------
 (Date of Event which Requires
Filing of this Schedule)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this   
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]                                                              

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other    
parties to whom copies are to be sent.                                          

* The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

SC 13D/A 2nd Page of 7 TOC 1st Previous Next ↓Bottom Just 2nd
SCHEDULE 13D

--------------------------------                  ------------------------------
CUSIP No. 232806109                               Page 2 of 7 Pages             
--------------------------------                  ------------------------------

----------- --------------------------------------------------------------------
1       NAME OF REPORTING PERSON                                        
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Third Point LLC                                         
----------- --------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                
                                                         (a) [ ]
                                                         (b) [X]
----------- --------------------------------------------------------------------
3       SEC USE ONLY                                                    
-----------  -------------------------------------------------------------------
4       SOURCE OF FUNDS*                                                

AF                                                      
----------- --------------------------------------------------------------------
   5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)     [ ]                              
----------- --------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
--------------------- --------- ------------------------------------------------
7      SOLE VOTING POWER      

0               
                      --------- ------------------------------------------------
8      SHARED VOTING POWER    
NUMBER OF SHARES                                                                
BENEFICIALLY OWNED              6,000,000                                       
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER                          

0               
                      --------- ------------------------------------------------
 10     SHARED DISPOSITIVE POWER

6,000,000       
----------- --------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON              

6,000,000                                               
----------- --------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN  
SHARES* [ ]                                             

----------- --------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

3.8%                                                    
----------- --------------------------------------------------------------------
14      TYPE OF REPORTING PERSON*                                       

OO                                                      
----------- --------------------------------------------------------------------

SC 13D/A 3rd Page of 7 TOC 1st Previous Next ↓Bottom Just 3rd
SCHEDULE 13D

--------------------------------                  ------------------------------
CUSIP No. 232806109                               Page 3 of 7 Pages             
--------------------------------                  ------------------------------

----------- --------------------------------------------------------------------
1       NAME OF REPORTING PERSON                                        
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Daniel S. Loeb                                          
----------- --------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                
                                                         (a) [ ]
                                                         (b) [X]
----------- --------------------------------------------------------------------
3       SEC USE ONLY                                                    
-----------  -------------------------------------------------------------------
4       SOURCE OF FUNDS*                                                

AF                                                      
----------- --------------------------------------------------------------------
   5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)     [ ]                              
----------- --------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States                                           
--------------------- --------- ------------------------------------------------
7      SOLE VOTING POWER      

0               
                      --------- ------------------------------------------------
8      SHARED VOTING POWER    
NUMBER OF SHARES                                                                
BENEFICIALLY OWNED              6,000,000                                       
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER                          

0               
                      --------- ------------------------------------------------
 10     SHARED DISPOSITIVE POWER

6,000,000       
----------- --------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON              

6,000,000                                               
----------- --------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN  
SHARES* [ ]                                             

----------- --------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

3.8%                                                    
----------- --------------------------------------------------------------------
14      TYPE OF REPORTING PERSON*                                       

IN                                                      
----------- --------------------------------------------------------------------

SC 13D/A 4th Page of 7 TOC 1st Previous Next ↓Bottom Just 4th
This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends the   
Schedule 13D filed on August 9, 2007 (as amended by this Amendment No. 1, the   
"Schedule 13D") and is being filed on behalf of Third Point LLC, a Delaware     
limited liability company (the "Management Company") and Daniel S. Loeb, an     
individual ("Mr. Loeb", and together with the Management Company, the "Reporting
Persons"). This Amendment No. 1 relates to the common stock, par value $0.01 per
share (the "Common Stock"), of Cypress Semiconductor Corporation, a Delaware    
corporation (the "Company"). The Management Company is the investment manager or
adviser to a variety of funds and managed accounts (such funds and accounts, the
"Funds"). The Funds directly own the Common Stock to which this Schedule 13D    
relates, and Mr. Loeb and the Management Company may be deemed to have          
beneficial ownership over such Common Stock by virtue of the authority granted  
to them by the Funds to vote and to dispose of the securities held by the Funds,
including the Common Stock.                                                     

Item 3.   Source and Amount of Funds or Other Consideration.                    

Item 3 of the Schedule 13D is hereby amended and restated as follows: 

    The Funds expended an aggregate of approximately $136,576,405 of their own
investment capital to acquire the 6,000,000 shares of Common Stock held by them.
The Funds effect purchases of securities primarily through margin accounts      
maintained for them with Bear, Stearns Securities Corp., Goldman, Sachs & Co.,  
Citigroup Global Markets, Inc. and UBS Securities LLC, which may extend margin  
credit to the Funds as and when required to open or carry positions in the      
margin accounts, subject to applicable Federal margin regulations, stock        
exchange rules and the firm's credit policies. In such instances, the positions 
held in the margin accounts are pledged as collateral security for the repayment
of debit balances in the accounts.                                              

Item 5.   Interest in Securities of the Issuer.                                 

Item 5 of the Schedule 13D is hereby amended and restated as follows: 

     (a) As of the date hereof, the Management Company and Mr. Loeb beneficially
own 6,000,000 shares of Common Stock (the "Shares"). The Shares represent 3.8%  
of the 159,190,967 shares of Common Stock outstanding as of October 31, 2007, as
reported in the Company's Quarterly Report on Form 10-Q for the quarterly period
ended September 30, 2007. The percentages used herein and in the rest of this   
statement are calculated based upon this number of outstanding shares.          

    (b) The Management Company and Mr. Loeb share voting and dispositive power
over the 6,000,000 shares of Common Stock held directly by the Funds.           

(c) Schedule A hereto sets forth certain information with respect to  
transactions by the Funds (at the direction of the Management Company and Mr.   
Loeb) in Common Stock during the past 60 days. All of the transactions set forth
on Schedule A were effected in open market transactions on the New York Stock   
Exchange. Except as set forth on Schedule A, during the past 60 days there were 
no transactions in the Common Stock effected by the Reporting Persons nor, to   
the best of their knowledge, any of their directors, executive officers, general
partners or members.                                                            

4 

SC 13D/A 5th Page of 7 TOC 1st Previous Next ↓Bottom Just 5th
    (d) Other than the Funds which directly hold the Shares, and except as set
forth in this Item 5, no person is known to have the right to receive or the    
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.                                                                     

     (e) Each of the Reporting Persons ceased to be the beneficial owner of more
than five percent of the outstanding Common Stock on January 2, 2008.           

[Signatures on following page]

5 

SC 13D/A 6th Page of 7 TOC 1st Previous Next ↓Bottom Just 6th
SIGNATURES

   After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,   
complete and correct.                                                           

Dated:  February 29, 2008                                                       

 THIRD POINT LLC

                               By:   Daniel S. Loeb, Chief Executive Officer

       By:  /s/ Keith Waller
                                      ------------------------------------------
                Name:   Keith Waller
                    Title:  Attorney-in-Fact

DANIEL S. LOEB

       By:  /s/ Keith Waller
                                      ------------------------------------------
                Name:   Keith Waller
                    Title:  Attorney-in-Fact

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO SCHEDULE 13D
WITH RESPECT TO CYPRESS SEMICONDUCTOR CORPORATION]

SC 13D/A Last Page of 7 TOC 1st Previous Next ↓Bottom Just 7th
                                                        [Enlarge/Download Table]


                                                    Schedule A                                                             

                                   (Transactions by the Funds in Common Stock                                              
                                            during the past 60 days)                                                       

         Date                   Transaction                       Shares                       Price Per Share($)          
         ----                   -----------                       ------                       ------------------          

------------------------ ---------------------------- --------------------------------- -----------------------------------
                                                                                                                           
       12/31/07                     Sell                         (220,000)                            36.28                
------------------------ ---------------------------- --------------------------------- -----------------------------------
       12/31/07                     Sell                          (5,000)                             36.36                
------------------------ ---------------------------- --------------------------------- -----------------------------------
       12/31/07                     Sell                          (95,000)                            36.27                
------------------------ ---------------------------- --------------------------------- -----------------------------------
       12/31/07                      Buy                          368,800                             36.03                
------------------------ ---------------------------- --------------------------------- -----------------------------------
       12/31/07                     Sell                         (368,000)                            36.03                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/2/08                      Sell                         (380,000)                            35.24                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/2/08                      Sell                         (100,000)                            35.05                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/4/08                      Sell                         (250,000)                            34.91                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/4/08                      Sell                         (100,000)                            35.14                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/7/08                      Sell                         (350,000)                            32.86                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/9/08                      Sell                         (200,000)                            29.24                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/10/08                     Sell                         (200,000)                            29.29                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/11/08                     Sell                          (5,000)                             30.00                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/14/08                     Sell                         (185,000)                            29.99                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/15/08                     Sell                         (110,000)                            28.88                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/31/08                      Buy                           48,900                             21.24                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        1/31/08                     Sell                          (48,900)                            21.24                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        2/26/08                     Sell                         (150,000)                            22.72                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        2/27/08                     Sell                         (150,000)                            22.85                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        2/27/08                     Sell                         (100,000)                            22.88                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        2/27/08                     Sell                         (100,000)                            22.61                
------------------------ ---------------------------- --------------------------------- -----------------------------------

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	2/29/08	6		NT 10-K, SC 13D/A, SC 13G/A
	2/26/08	1		4
	1/2/08	5
	10/31/07	4		SC 13D/A
	9/30/07	4		10-Q, 13F-HR, 13F-HR/A
	8/9/07	4		SC 13D
				List all Filings

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Filing Submission 0000899140-08-000736 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Third Point LLC, et al. – ‘SC 13D/A’ on 2/29/08 re: Cypress Semiconductor Corp/DE

On: Friday, 2/29/08, at 5:26pm ET · Accession #: 899140-8-736 · File #: 5-38059

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents